Bitcoin drops to 5-month-low amid broader market selloff; crypto down 5.3%

Bitcoin price today: Cryptocurrency benchmark, Bitcoin prices hit their 5-month-low levels on Monday amid a broader market selloff, which was prompted by investor concerns over the world economy potentially sliding into a recession.

Bitcoin prices were down 5.3 per cent at $77,901.59 as of 10:36 p.m. (IST), according to data collected from the CoinMarketCap website.